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Enterprise Risk Actuarial Consultant

2 months ago


Inver Grove Heights, Minnesota, United States Securian Financial Group Full time
Job Summary

This is a highly collaborative and visible role as part of the ERM Actuarial Team. The ERM Actuarial team provides leadership, along with quantitative and qualitative analysis, in support of Securian's financial risk management, capital management, ERM governance, and risk reporting.

Key Responsibilities
  • Support Securian's ERM Governance and Risk Reporting functions
  • Lead Securian's annual ORSA process, collaborating with partners across the enterprise to develop an accurate and decision useful report
  • Monitor ERM best practices, leveraging external sources to assess emerging trends, tools, and strategies, and recommend and drive enhancements to Securian's ERM framework
  • Collaborate with key stakeholders and ERM Governance groups to manage Securian's risk inventory
  • Support development and execution of climate risk management framework, ensuring alignment with external regulatory requirements and internal risk management needs
  • Lead development and execution of new or enhanced risk reporting to Securian's FRC, Risk Council, and ERM Governance Groups
  • Lead ERM Governance Group structure, ensuring best practices are being followed, charters are regularly updated, facilitating cross-group collaboration, and coordinating Governance Group Chairs Committee
Actuarial Analysis
  • Provide actuarial analysis in support of Securian's insurance risk management, including mortality, longevity, morbidity, and policyholder behavior
  • Lead and/or support development and maintenance of risk management frameworks for Securian's insurance risks, including scenario testing, stress testing, risk appetite, and risk tolerances
  • Perform quantitative analysis to assess risk positions and analyze impacts of potential risk management strategies, including reinsurance programs
  • Collaborate with internal stakeholders to understand risk exposures and influence risk management strategies
  • Lead ERM stress testing engagement in Goals and Plans, collaborating with solutions groups to collect and analyze stress testing results
  • Engage senior leaders to develop and maintain enterprise risk appetite statement for individual financial risks
Leadership and Collaboration
  • Provide actuarial leadership in support of ERM projects and initiatives
  • Provide leadership in support or ERM initiatives including operational and financial risks, capital, and governance
  • Support market segment and shared solutions initiatives, providing analysis, ERM expertise, and ensuring alignment with our risk appetite
  • Communicate and influence ERM activities across Securian Financial
Qualifications
  • ASA or near-FSA actuarial designation
  • Strong creative, analytical and problem-solving skills to analyze information and form recommendations
  • Excellent verbal and written communication skills to effectively interact with wide range of associates across the organization
  • Decision-making skills and ability to act independently

Securian Financial believes in hybrid work as an integral part of our culture. Associates get the benefit of working both virtually and in our offices. If you're in a commutable distance (90 minutes) you'll join us 2-3 days each week in our offices to collaborate and build relationships. Our policy allows flexibility for the reality of business and personal schedules.